Whether you are looking for a cheap home, a weekend retreat or just something that allows you to put some money in the bank, then this could just be what the doctor ordered. She’s a little bit run down but a couple of mates and a couple of weekends will fix that. Located an hour and a half drive from Launceston, Mathinna is found in North East Tasmania. According to data from the internet approx 53 families live in Mathinna and has a population of about 200 people. The town of Mathinna was established in the 1890′s when gold was discovered and at its peak was the third largest town in Tasmania, behind Hobart and Launceston. All in all this home will make a great first home or retreat.